InvestorQ : Can you tell me about the government decision to hike MSP for Kharif crops and its impact?
Mitali Bhutta made post

Can you tell me about the government decision to hike MSP for Kharif crops and its impact?

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2 weeks ago
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On Wednesday 09 June, the Union Cabinet cleared the proposed increase in support prices for Kharif crops for the 2021-22 season. This was expected and in line with the government commitment in the budget to give farmers MSP at around 1.5 times the weighted average cost to the farmer. This should hopefully help taper the farmer agitations.

Among the various Kharif crops, Sesamum saw maximum absolute price increase at Rs.452 per quintal while the MSP for tur and urad were hiked by Rs.300 per quintal. All available high-yielding varieties of seeds will be distributed free of cost to the farmers as per the decision taken by the Cabinet Committee.

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